Art Industry News: Two U.S. States Have Started Taxing NFTs, Previewing Fundamental Changes for the Crypto Trade + Other Stories | Artnet News

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Plus, meet the U.K.'s new culture secretary, and Harry Styles stars in a film about a museum-curator love triangle.

A collection of CryptoPunks in OpenSea displayed on a phone screen. Photo: Jakub Porzycki/NurPhoto via Getty Images.

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, September 8.The U.K.’s new culture secretary appointed by , Michelle Donelan, was formerly minister for higher and further education and, in the private sector, worked at World Wrestling Entertainment andmagazine. She been described by colleagues as “reasonable, informed, and friendly,” but her previous statements suggest she may not dampen the culture-war rhetoric championed by her predecessor. Over the summer, Pennsylvania and Washington became the first two U.S. states to list NFTs as digital assets and therefore subject them to sales and use taxes.

 

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